Colliers Sells Office Building In Tampa For $11.3M
4508 Oak Fair Boulevard, Tampa, FL 33610
$11,300,000
$92/SF
Building Size
121,918 SF
Asset Type
Office
Closing
May 9, 2021
AI
An office property located at 4508 Oak Fair Blvd in Tampa was recently sold for a price of $11,300,000. The property consists of 121,918 square feet and is situated on 12.5 acres of land. The sale price per square foot was $93, and the price per acre was $904,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $11,300,000
- Address: 4508 Oak Fair Blvd, Tampa
- Market: Tampa
- Size: 121,918 SF
- Price per SF: $93
- Acreage: 12.5 acres
- Price per Acre: $904,000
The property was sold by Cardinal Point Management. The brokers involved in the deal were Paul Carr and Todd Tolbert from Colliers.
Players
Tampa Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.40%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93